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smuggled money that the state is unable to recover
Wednesday 31 August 2022 19:28 | Economic Number of readings: 445
Baghdad / NINA / - The economic expert, Saleh Al-Hamashi, confirmed:
"The file of corruption, especially the smuggled money, is a very complex and thorny file, because
most of this money belongs to political or religious figures who have investments in regional and European countries."
He said in a statement to the National Iraqi News Agency / NINA /:
"Diving into such a file leads to political and social problems, so the state is unable even to announce the size of this smuggled money." Al-Hamashi added:
"There are estimates based on the volume of consumption and government spending along with the revenues obtained by the Iraqi state, compared to the level of project completion.
These funds are estimated at more than $100 billion, and
this has caused many Western countries, especially the United States and European countries, to smuggle money. and the Iraqi money laundering process. He explained:
"Everything that the state does in following up the smuggled money and how to recover it does not go beyond collecting data or forming special committees," noting:
"Recovering money from abroad requires a court decision to be dealt with by the state in which those funds are, and this is very difficult for the government." Iraq,
because it will face political and social figures, as well as figures, perhaps within the government, who will be affected by these legal measures." / End 3
smuggled money that the state is unable to recover
Wednesday 31 August 2022 19:28 | Economic Number of readings: 445
Baghdad / NINA / - The economic expert, Saleh Al-Hamashi, confirmed:
"The file of corruption, especially the smuggled money, is a very complex and thorny file, because
most of this money belongs to political or religious figures who have investments in regional and European countries."
He said in a statement to the National Iraqi News Agency / NINA /:
"Diving into such a file leads to political and social problems, so the state is unable even to announce the size of this smuggled money." Al-Hamashi added:
"There are estimates based on the volume of consumption and government spending along with the revenues obtained by the Iraqi state, compared to the level of project completion.
These funds are estimated at more than $100 billion, and
this has caused many Western countries, especially the United States and European countries, to smuggle money. and the Iraqi money laundering process. He explained:
"Everything that the state does in following up the smuggled money and how to recover it does not go beyond collecting data or forming special committees," noting:
"Recovering money from abroad requires a court decision to be dealt with by the state in which those funds are, and this is very difficult for the government." Iraq,
because it will face political and social figures, as well as figures, perhaps within the government, who will be affected by these legal measures." / End 3
